The Cellar - What's upsetting you today?

I think ... not ..........yet.

Big housing slowdowns almost always end in recessions. Oil prices going through the roof often leads to recession. I'm betting on it.

Meanwhile, I've watched the value of the yen drop by about 20% in the last year, taking my salary and savings with it. :(
Your recession might be the thing that triggers a turnaround. I'll send you a food package if it does.

HungLikeJesus

11-08-2007 11:56 AM

Quote:

Originally Posted by ZenGum (Post 404815)

How long does raw fish stay fresh?

glatt

11-08-2007 12:03 PM

Quote:

Originally Posted by lookout123 (Post 404805)

quick thoughts for you G:

The fact that you have enough invested that it can take that type of dive... :thumb2:

The fact that you aren't retiring in the next 5 years, means that a downturn is actually good for your portfolio if handled correctly. be defensive against a falling US economy, but don't get out of the market. going to cash rarely works in the long run. you might want to look at big american companies. all sizes of foreign companies. unless you've got the skill or big brass ones, avoid sector bets. look at areas that are being hit hard and decide if you think those companies are solid enough to survive and rebound after a recession ends. buy low sell high. and remember, the best returns are always in the two year period following a recession.

Thanks for the tips. Now is a good time to take a look at my allocations. Haven't looked at them in a year or two. Retirement is a long way off, so I'm not actually upset, but you nobody likes to see their balance go down.

lookout123

11-08-2007 01:11 PM

Quote:

Are we officially in a recession (outside of Detroit, of course)?

impossible to tell. the definition of recession is two successive quarters of a shrinking economy, so you never know until you are at least 6 months in. our last recession only lasted 8 months, so technically, we were only aware of it for 2 months. or something like that. i still get people asking when the recession will end. they look shocked when i tell them that it ended 5.5 years ago.

glatt: if you choose to be a DIY guy there is a book i would suggest by a nationally famous planner. i don't agree with everything, but for a DIYer it is good. can't give you the name, but if you google "buckets of money" you'll find him.

****i have no connection whatsoever with him or his books****

DucksNuts

11-08-2007 05:11 PM

Quote:

Originally Posted by lookout123 (Post 404789)

the break in my work that has allowed me to play in the cellar so much for a week has come to an end. :sniff:

NooooooOooOOOOo...say it isnt so.

HungLikeJesus

11-08-2007 05:15 PM

So, lookout, if you reached in your pocket and realized that, in addition to a few spare condoms and some pocket lint, you have a spare $50,000, where would you put it?

Sundae

11-08-2007 05:22 PM

Quote:

Originally Posted by HungLikeJesus (Post 405064)

So, lookout, if you reached in your pocket and realized that, in addition to a few spare condoms and some pocket lint, you have a spare $50,000, where would you put it?

In the post. To me. Thank you.

I'm upset because this is the first significant time I've had internet access for a couple of days and I'm TIRED. Bed-time for me before I fall asleep on the keyboard. AND I have 6 new library books to read as well!

Night night chickens x

kerosene

11-08-2007 05:23 PM

Quote:

Originally Posted by HungLikeJesus (Post 404844)

How long does raw fish stay fresh?

Does this mean we are having sushi for lunch?

HungLikeJesus

11-08-2007 05:37 PM

Quote:

Originally Posted by case (Post 405071)

Does this mean we are having sushi for lunch?

I don't think we want to wait for ZenGum's care package. But there is a sushi restaurant near my office - just across the parking lot from the hotel.

kerosene

11-08-2007 05:45 PM

Quote:

Originally Posted by HungLikeJesus (Post 405083)

I don't think we want to wait for ZenGum's care package. But there is a sushi restaurant near my office - just across the parking lot from the hotel.

As long as it is a classy hotel.:blush:

lookout123

11-09-2007 07:36 AM

If it is just $50K that i really don't need for a few years i would split it down the middle with half into a couple international funds and the other half into a couple of carefully researched companies that have had he crap kicked out of them the last 12 months... say some financials. but i'd be very very careful about trying to catch that falling knife.

bluecuracao

11-10-2007 01:58 PM

It's dreary and cold, my throat's sore, I'm tense and cranky from too much caffeine, and some machinery outside my window is rattling and giving me a huge headache.

When does happy hour start on Saturday?

monster

11-10-2007 11:26 PM

eek!

binky

11-10-2007 11:56 PM

Quote:

Originally Posted by Aliantha (Post 404245)

If I just want to look up stuff I've been involved in, I just look up my own posts and see who's responded.

Today I feel upset because I have a nasty nasty cold and I haven't had a good sleep in two nights now, so I'm very grumpy.

Time for Nyquil

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